NEW YORK, November 15, 2016 /PRNewswire/ --
Stock-Callers.com brings investors' attention back to the Mortgage Investment industry which is primarily focused on investing in mortgaged-backed securities and other real estate activities. Many companies in this sector are organized as REITs, resulting in high-average dividend yield. Equities to assess are Ally Financial Inc. (NYSE: ALLY), Ocwen Financial Corp. (NYSE: OCN), Santander Consumer USA Holdings Inc. (NYSE: SC), and Essent Group Ltd (NYSE: ESNT). You can access of our complimentary research reports on these stocks now at:
At the close on Monday, shares in Michigan-based Ally Financial Inc. rose 3.65%, ending the day at $19.03. The stock recorded a trading volume of 7.45 million shares, which was above its three months average volume of 4.22 million shares. The Company's shares have advanced 2.09% on an YTD basis. The stock is trading above its 200-day moving average by 5.77%. Moreover, shares of Ally Financial, which provides a range of financial products and services primarily to automotive dealers and their retail customers in the US, have a Relative Strength Index (RSI) of 57.15.
On October 26th, 2016, Ally Financial reported Q3 2016 net income of $209 million compared to net income of $268 million for Q3 2015. Net financing revenue, including $15 million of OID, improved to $996 million, up $26 million from Q3 2015, due to higher retail loan margins. Auto originations for the reported quarter totaled $9.3 billion, down from $11.1 billion in Q3 2015. Visit us today and download your complete report on ALLY for free at:
Shares in Florida headquartered Ocwen Financial Corp. ended the day 1.48% higher at $4.80. A total volume of 3.64 million shares was traded, which was above their three months average volume of 3.24 million shares. The stock has gained 30.43% in the past month and 45.45% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 26.28% and 62.15%, respectively. Furthermore, shares of Ocwen Financial, which engages in servicing and origination of mortgage loans in the US, have an RSI of 67.87.
On October 25th, 2016, research firm Piper Jaffray downgraded the Company's stock rating from 'Neutral' to 'Underweight'.
On November 1st, 2016, Ocwen Financial announced that its subsidiary Ocwen Loan Servicing, LLC ("OLS") commenced an offer to exchange all outstanding 6.625% Senior Notes due 2019 of Ocwen held by eligible holders for up to $350 million aggregate principal amount of newly issued 8.375% Senior Secured Second Lien Notes due 2022 of OLS upon the terms and subject to the conditions set forth in the offering memorandum dated November 1, 2016, and the related letter of transmittal. The Exchange Offer will expire at 11:59 p.m. ET on November 30th, 2016, unless extended. The complimentary research report on OCN can be accessed at:
Santander Consumer USA
On Monday, shares in Dallas, Texas headquartered Santander Consumer USA Holdings Inc. finished 5.05% higher at $13.95. A total volume of 3.64 million shares was traded, which was higher than their three months average volume of 1.50 million shares. The stock has advanced 11.16% in the last one month and 19.33% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 14.41% and 22.77%, respectively. Additionally, shares of Santander Consumer USA, which provides vehicle finance and third-party servicing in the US, have an RSI of 68.74.
On November 9th, 2016, Santander Consumer USA announced net income for Q3 2016 of $214 million, or $0.59 per diluted common share. Finance receivables, loans, and leases, net, increased 6.1%, to $34.7 billion at September 30th, 2016, from $32.7 billion at December 31st, 2015, driven by an increase in lease assets. Net finance and other interest income decreased 3% to $1.18 billion in Q3 2016 from $1.22 billion in Q3 2015. Register for free on Stock-Callers.com and download the PDF research report on SC at:
Hamilton, Bermuda-based Essent Group Ltd's shares recorded a trading volume of 1.36 million shares at the end of yesterday's session, which was above their three months average volume of 549,960 shares. The stock closed the day at $28.28, declining 3.12% from its previous closing price. The Company's shares have advanced 1.65% in the last one month, 8.19% in the previous three months, and 29.19% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.08% and 23.45%, respectively. Additionally, shares of Essent Group, which through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the US, have an RSI of 54.55.
On October 27th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'. Get free access to your research report on ESNT at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA